CORRECT: US Bankruptcy Tracker: Distressed Debt Pile Grows 29%

The pile of distressed debt expanded by about $65.9 billion last week as US insolvency courts saw six new, large bankruptcy filings, according to data compiled by Bloomberg.

• The heap of dollar-denominated corporate bonds and loans in the Americas trading at distressed levels rose to $295.4 billion in the week ended Friday, a roughly 28.7% increase from $229.5 billion a week earlier, Bloomberg-compiled data show
• Last week’s bankruptcy filings include the Chapter 11 petitions of sports broadcaster Diamond Sports Group as well as SVB Financial Group, the former parent company of Silicon Valley Bank
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